Nifty may touch 12,000 before elections if there is no major negative news
I am bullish on Indian equities on a long term horizon. Nifty is already at 11,750 levels and if no major negative news hits the market, there is some amount of possibility that it may touch 12,000 before elections, My guess is that this situation is not going to go for a long period of time. If that so, then I believe that implications are not going to very adversely impact Indian capital market scenario on a long term basis. However, if the situation goes for a longer time and increase in oil prices stay for prolong period then it will surely impact the Indian capital markets negatively.
At the moment major sentiment in the market is positive, FII flows are steady, intermittent negative news such as an increase in oil prices, low IIP data can impact the sentiments negatively. Nifty is already at 11,750 levels and if no major negative news hits the market, there is some amount of possibility that it may touch 12,000 before elections. I advise investors to keep a well spread and diversified portfolio with a great fundamental story based on proper asset allocation plan. I feel the global cyclical sector along with the domestic interest-sensitive sector. Also, consumer and infra related sectors should do well in the coming years. I would prefer to watch the acceleration on real growth, a continuation of low inflation, global liquidity and healthy earning outlook as key positives. The key negative to have a watch out for are high lending rates, funding shortage for smaller companies, increased populism led fiscal slippage (due to elections environment) and slow investment picks up in the manufacturing sector.source- www.moneycontrol.com
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